WM Options History — February 2022

In February 2022, WM traded between $140.87 and $149.93. ATM implied volatility averaged 23.1%, placing in the 61.8% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.8% (HV 20d: 15.3%). Max pain ranged from $140.00 to $165.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.19.

Notable Days

  • 2022-02-01: Highest Volume — 11,530 contracts
  • 2022-02-14: Largest IV spike — 15.0% change
  • 2022-02-14: Highest IV Rank — 76.2%
  • 2022-02-23: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.20$140.87$149.93$149.93$143.82
Max Pain$148.21$140.00$165.00$165.00$140.00
ATM IV23.1%20.9%25.7%25.3%23.8%
Expected Move6.7%6.0%7.5%7.3%7.2%
HV 20d15.3%13.8%17.0%16.7%17.0%
HV 60d18.7%17.5%19.2%18.8%17.6%
IV Rank61.8%50.0%76.2%74.3%66.1%
IV Percentile88.0%78.2%96.4%96.4%90.5%
Term Structure-0.3%-2.6%1.4%0.8%-1.5%
VWIV23.7%20.6%26.5%26.3%25.3%
Skew 25d4.7%2.6%6.7%5.2%4.2%
Skew 10d10.8%3.6%17.0%17.0%12.0%
Call IV 25d21.9%19.8%23.8%22.9%23.0%
Put IV 25d26.5%24.4%29.0%28.1%27.2%
Bid-Ask Spread %74.3859.0081.8081.8064.82
Gamma HHI0.150.080.300.140.30
Net GEX-570.6K-5.0M1.9M1.9M-5.0M
Net DEX77.6M611.7K124.9M86.4M21.1M
Net VEX-723.4K-821.3K-665.9K-821.3K-763.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.265.750.261.58
Total Volume3,728.7371,99111,53011,5304,035
Total OI50,103.89532,21464,63056,35141,997

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$149.93$165.0025.3%7.3%16.7%74.3%26.3%5.2%0.8%1.9M86.4M-821.3K0.2681.80N/AN/A9,1852,34536,80819,543
2022-02-02$148.47$165.0023.5%6.6%15.3%64.1%23.0%6.7%-0.9%1.3M101.4M-791.1K0.8880.42N/AN/A2,4892,18942,52820,983
2022-02-03$146.28$150.0022.4%6.7%15.2%58.3%24.2%4.5%1.4%-618.4K116.8M-782.8K0.6574.30N/AN/A1,7311,13242,97221,189
2022-02-04$145.66$150.0022.2%6.5%14.6%57.3%21.6%5.7%1.4%-2.6M124.9M-752.1K0.7577.32N/AN/A1,6261,21543,14121,489
2022-02-07$145.05$150.0024.1%6.5%14.6%67.7%22.6%3.6%-2.6%-2.2M120.0M-733.7K0.5777.44N/AN/A1,54187731,85720,334
2022-02-08$144.95$150.0021.2%6.0%13.8%51.6%20.6%4.6%-0.5%-2.9M107.9M-696.2K0.5876.51N/AN/A1,34077332,27619,582
2022-02-09$146.48$150.0020.9%6.0%14.7%50.0%20.8%5.2%0.1%-1.7M83.8M-746.7K0.7078.95N/AN/A1,33493032,51819,183
2022-02-10$143.40$150.0021.6%6.1%15.7%54.1%22.1%2.6%-0.6%-3.6M112.4M-706.1K0.7781.08N/AN/A1,26697532,78519,378
2022-02-11$142.85$150.0022.3%6.6%15.5%57.7%23.6%4.7%1.1%-899.9K112.9M-717.2K0.5978.55N/AN/A1,47486832,88019,333
2022-02-14$141.72$145.0025.7%7.4%15.5%76.2%25.4%6.6%-1.7%86.6K101.6M-687.9K0.6775.58N/AN/A1,35290032,49918,008
2022-02-15$142.39$145.0024.0%6.9%15.6%67.0%25.3%5.5%-0.9%278.7K98.3M-680.1K0.7077.70N/AN/A1,17281932,81418,245
2022-02-16$143.07$145.0021.0%6.0%15.6%50.6%22.0%5.5%0.3%1.1M91.5M-687.2K0.6076.96N/AN/A1,37082233,16818,249
2022-02-17$143.42$145.0022.0%6.3%15.5%56.2%22.0%3.9%-0.1%1.5M90.2M-691.8K0.8679.03N/AN/A1,3291,14233,28718,241
2022-02-18$142.76$145.0021.9%6.3%15.1%55.4%23.1%4.7%-0.5%1.0M95.6M-682.4K1.1477.84N/AN/A1,0621,21433,40718,506
2022-02-22$141.71$145.0024.4%7.2%14.3%69.3%25.7%4.0%-0.2%825.0K3.0M-665.9K0.9259.00N/AN/A1,9681,80720,95611,258
2022-02-23$140.87$143.0025.0%7.5%14.2%72.5%26.5%4.4%-0.2%1.3M2.9M-673.9K3.5265.31N/AN/A1,1163,92721,92211,634
2022-02-24$141.91$143.0024.8%7.2%14.6%71.5%26.1%3.9%-0.4%626.5K2.8M-691.2K5.7564.02N/AN/A1,4618,40022,19013,908
2022-02-25$145.05$140.0021.8%6.2%16.8%55.0%23.5%3.2%-0.3%-1.2M611.7K-773.4K1.2066.57N/AN/A1,6602,00022,41120,495
2022-02-28$143.82$140.0023.8%7.2%17.0%66.1%25.3%4.2%-1.5%-5.0M21.1M-763.0K1.5864.82N/AN/A1,5652,47021,82120,176